Fiscal deficit reaches 87% of full-year target in November
April-Nov total expenditure at Rs11.4 lakhk crore, 64.3% of FY16estimates
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India's fiscal deficit reached Rs 4.84 lakh crore ($73.2 billion) during April-November, or 87 percent of the full-year target, government data showed on Thursday.
The deficit was 98.9 percent of the full-year target during the same period a year ago.
Net tax receipts were Rs 4.65 lakh crore in the first eight months of the fiscal year that ends in March 2016, while total spending touched Rs 11.4 lakh crore rupees.
($1 = 66.1593 rupees)
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First Published: Dec 31 2015 | 5:33 PM IST